What chart to use for price movement in this way?

[Sunnyside 10]

If I want a chart to see price movement say for example in the mini Russell. The opening is 842.0 and I would like somthing to chart everytime there is a

.8 move to say for example 842.8 as an upward move and represent it as a blue bar. or if it goes down .8 to 841.2 then it would be represented as a red bar on a chart. What kind of chart could I use to visually represent this type of price movement in some way? Any help would be appreciated.

Thank You.

[TinGull 10]

You would want to use a "Range" chart. Here is an example. Each candle will have a max 8 tick range (0.80 dollar value) and when a candle prints a tick above or below the range, a new candle will draw.

 

[Sunnyside 10]

Thank you much TinGull.

[Sunnyside 10]

I have trade navigator and I found out their programming does not let you print volume bars or candles by Ticks. They only allow for time. Is this normal for a trading software to not have this feature? Thanks..

[walterw 10]

I have trade navigator and I found out their programming does not let you print volume bars or candles by Ticks. They only allow for time. Is this normal for a trading software to not have this feature? Thanks..

 

thats more of a trading soft so it has very basic charting... cheers

[trader273 10]

Multicharts has this ability as well.

[Sunnyside 10]

Thanks for all the replys.

What is a multi chart? Do you have a picture? I am looking into Ninja trader as a possible solution, but the Zen-Fire tech support say my DSL modem will not let thier super fast price qoutes through due to my firewall. I have never had any issues with my current broker. I also had the firewall turned off. What gives. It seems like a simple thing but it has ended up being very complicated so far. I would like to find a chart feed service and software to get going on this. I also ask tech support from two different companies to set me up with a range chart and they said they never heard of it. Oh well, tommorrow is another day.

[dwg0 10]

Ninja Trader will support Range Bar charts with the new version 6.5, it's still a beta version though so could be a few more weeks before it's released.

[thrunner 10]

I am looking into Ninja trader as a possible solution, but the Zen-Fire tech support say my DSL modem will not let thier super fast price qoutes through due to my firewall.

I have tried Zenfire-NT6+ with a Westell DSL modem. There are no issues. Unless you have an esoteric setup, I don't see why ZF support will tell you that it doesn't work. Try NT support, they should be better at getting you connected.

NT6.5 Beta Version 3 is also released; you can download it through their support forum link. I won't post the URL here because it is a beta version and the URL is not persistent. NT is not the most stable of software and you can get program hangs (even in a middle of a trade ) and memory leaks, but it is good for what it does when it works, especially if you are mostly using it for charting.

[Bam-Bam 10]

Sierra Charts supports range bars. They also support tick and volume charts (kudos to brownsfan).

 

Your broker will most likely be able to provide a data feed to Sierra Charts if you can link it to Ninja Trader.